⚠️ HRF CBDC ⛓️🪙 alert from HRF for Chile (26-MAR-2024)

🗝️ℹ️ (Key Information)

CBDC Status: Research

CBDC Launch: n/a

CBDC Model: n/a

CBDC Issued: n/a

Inflation Rate: 11.64%

One-Sentence Summary:

🇨🇱 Chile's Central Bank pursues careful research and evaluation while considering the issuance of Central Bank Digital Currencies (CBDCs), amidst rising concerns over financial privacy and freedom.

✅ In 2022, the Central Bank of 🇨🇱 initiated an evaluation on CBDCs, envisioning the transformation they could bring to the digital landscape and payment systems, but decided upon further studies due to insufficient information.

✅ By 2024, a second report emphasized the continuation of research and pilot studies without committing to CBDC issuance, underlining the noteworthy risks linked with CBDC development.

✅ Despite scoring 94 / 100 in the 2023 Freedom House's report, there are concerns that the introduction of a CBDC in 🇨🇱 might compromise financial privacy and freedom.

✅ For a comprehensive understanding of human rights and civil liberties violations, audiences are directed to reports by Amnesty International, Freedom House, Human Rights Watch and others.

✅ Specific insights on the risks associated with CBDCs can be found on the Cato Institute's web page and report.

#CBDC #CentralBank #DigitalCurrency #FinancialPrivacy #Chile #FreedomHouse #HumanRights #CivilLiberties

What are your thoughts on the potential impact of CBDCs on financial privacy and freedom, especially in countries like 🇨🇱 where civil liberties rank high?

Disclaimer: This is an AI-generated summary of the original text from HRF, forigve fuck-ups plox. If you find it useful, ⚡ the Tracker Bot because the AI and Cloud bits are not free to run.

Source of data: https://cbdctracker.hrf.org/home (npub1zhqcda52mrvcc0vkwegwsp5xtpk6l6x5kqx85f06tu9lw5h6xx0scch0dw)

CBDC Tracker bot brought to you by npub18s59mqct7se3xkhxr3epkagvuydwtvhpsacj67shrta8eknynegqttz5c3

#plebstr